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let us say you are purchasing a vehicle, and you plan to buy this for $28,000, but you have only $6,000 in cash. The bank

let us say you are purchasing a vehicle, and you plan to buy this for $28,000, but you have only $6,000 in cash. The bank will loan you the rest at the annual interest rate of 12%, with the payments spread over 60 months. What would be the monthly payment amount?

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